Cambiar Investors LLC reduced its stake in Aircastle Limited (NYSE:AYR) by 27.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,609 shares of the transportation company’s stock after selling 214,874 shares during the quarter. Cambiar Investors LLC owned about 0.74% of Aircastle Limited worth $12,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in AYR. Vanguard Group Inc. grew its position in Aircastle Limited by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock valued at $135,829,000 after acquiring an additional 176,874 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Aircastle Limited by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after purchasing an additional 413,818 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Aircastle Limited by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after purchasing an additional 535,106 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Aircastle Limited by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 1,309,952 shares of the transportation company’s stock worth $28,491,000 after purchasing an additional 38,690 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Aircastle Limited by 6.7% in the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after purchasing an additional 72,112 shares during the last quarter. 61.15% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the stock. Cowen and Company restated a “market perform” rating and issued a $26.00 target price (up previously from $25.00) on shares of Aircastle Limited in a report on Thursday, August 10th. BidaskClub cut shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine cut shares of Aircastle Limited from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut shares of Aircastle Limited from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Credit Suisse Group lifted their price target on shares of Aircastle Limited from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Aircastle Limited presently has an average rating of “Hold” and an average price target of $25.00.
Aircastle Limited (NYSE AYR) traded down $0.21 on Thursday, hitting $23.35. The stock had a trading volume of 339,700 shares, compared to its average volume of 293,523. The stock has a market cap of $1,854.36, a price-to-earnings ratio of 10.96, a PEG ratio of 1.98 and a beta of 1.85. Aircastle Limited has a 12-month low of $20.50 and a 12-month high of $25.98.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.15. The firm had revenue of $191.41 million during the quarter, compared to analyst estimates of $184.02 million. Aircastle Limited had a return on equity of 9.18% and a net margin of 19.48%. Aircastle Limited’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. sell-side analysts anticipate that Aircastle Limited will post 1.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.80%. This is an increase from Aircastle Limited’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, November 29th. Aircastle Limited’s dividend payout ratio (DPR) is presently 50.98%.
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Aircastle Limited Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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